PROPERTY MANAGEMENT UNIT 1 EXAM QUESTIONS
WITH CORRECT ANSWERS | GRADED A
/ 1: The primary function of the property manager is to:
(a) rent units for owners.
(b) generate greatest income for owner.
(c) show space to prospective tenants.
(d) decrease the value of the property. - Answer-(b) generate greatest income for
owner.
/.2: One of the factors that has contributed to the development of property management
is the:
(a) declining cost of apartment building construction.
(b) centralization of traditional downtown areas.
(c) increased use of trolleys and rail lines.
(d) invention of steel frame buildings and elevators. - Answer-(d) invention of steel
frame buildings and elevators.
/.3: The oldest residential property management certification program in the United
States and which is HUD-approved is:
(a) Certified Apartment Manager (CAM).
(b) Professional Property Manager (PPM).
(c) Registered Apartment Manager (RAM).
(d) Accredited Residential Manager (ARM). - Answer-(c) Registered Apartment
Manager (RAM).
/.4: Commercial real estate includes:
(a) apartment buildings.
(b) farms.
(c) mines.
(d) office buildings. - Answer-(d) office buildings.
/.5: The largest demand for the services of the professional property manager is found
in what type of property?
(a) Residential
(b) Commercial
(c) Industrial
(d) Government - Answer-(a) Residential
/.6: Shopping centers, factory outlets and super regional malls are examples of:
(a) special purpose properties.
(b) distribution facilities.
(c) office property.
WITH CORRECT ANSWERS | GRADED A
/ 1: The primary function of the property manager is to:
(a) rent units for owners.
(b) generate greatest income for owner.
(c) show space to prospective tenants.
(d) decrease the value of the property. - Answer-(b) generate greatest income for
owner.
/.2: One of the factors that has contributed to the development of property management
is the:
(a) declining cost of apartment building construction.
(b) centralization of traditional downtown areas.
(c) increased use of trolleys and rail lines.
(d) invention of steel frame buildings and elevators. - Answer-(d) invention of steel
frame buildings and elevators.
/.3: The oldest residential property management certification program in the United
States and which is HUD-approved is:
(a) Certified Apartment Manager (CAM).
(b) Professional Property Manager (PPM).
(c) Registered Apartment Manager (RAM).
(d) Accredited Residential Manager (ARM). - Answer-(c) Registered Apartment
Manager (RAM).
/.4: Commercial real estate includes:
(a) apartment buildings.
(b) farms.
(c) mines.
(d) office buildings. - Answer-(d) office buildings.
/.5: The largest demand for the services of the professional property manager is found
in what type of property?
(a) Residential
(b) Commercial
(c) Industrial
(d) Government - Answer-(a) Residential
/.6: Shopping centers, factory outlets and super regional malls are examples of:
(a) special purpose properties.
(b) distribution facilities.
(c) office property.
